Apr 09, 2022
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Will it be managed the way you want? Establishing a Buy Email List sound business succession plan helps ensure that your business gets handed over Buy Email List more smoothly. Business succession planning, also known as business continuation Buy Email List planning, is about planning for the continuation of the business after the departure of a business Buy Email List owner. A clearly articulated business Buy Email List succession plan specifies what happens upon events such as the retirement, death or disability of the Buy Email List owner. A good Buy Email List business succession plans typically include, but not limited to ·Goal Buy Email List articulation, such as who will be authorized to own and run the business; The business owner's retirement Buy Email List planning, disability planning and estate planning. Process articulation, such as whom to transfer Buy Email List shares to, and how to do it, and how the transferee is to fund the transfer; ·Analyzing if existing life Buy Email List insurance and investments are in place to provide funds to facilitate ownership transfer. If no, how are the gaps to be filled; ·Analyzing shareholder agreements; and ·Assessing the Buy Email List business environment and strategy, management capabilities and shortfalls.